3136 Latona Dr SW · Atlanta, GA 30354

$179,900

3 bd · 1.0 ba · 1,144 sqft · SingleFamily public records · 278 Days on market

Built 1955 10,280 sqft lot $157/sqft · 7% below area Est $194k · 7% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +18.7/30.0
• ARV discount +10.7/15.0
• DSCR +5.9/10.0
• 1% rule +5.1/10.0
• Livability +4.2/5.0
• Rent growth +3.9/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom, 2-bath home with approximately 1,144 sq ft of comfortable living space. The spacious layout features a generous family room perfect for relaxing or entertaining. The master bedroom includes an en suite bath for added convenience. Situated in the welcoming Glenrose Heights neighborhood, this home offers easy access to shopping, dining, and major roadways, combining comfort, functionality, and a great location.

Key facts

• En suite bath
• 0.24 acre lot
• 2 parking spots

Tags

• EN SUITE BATH
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO DINING
• EASY ACCESS TO MAJOR ROADWAYS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $179 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 3.1% in Atlanta — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 83/100 on livability (#6 in GA, #919 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: cost of living C-.
• Atlanta Public Schools (urban): math 28% / reading 35% proficiency, ranked #80 of 174 in GA (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Kipp Ways Primary Charter School (math 5% / reading 5%, grade F, #1,160 of 1,228 statewide, top 98%, 477 students, 100% FRL, charter); Crawford Long Middle School (math 2% / reading 8%, grade F, #462 of 470 statewide, top 99%, 705 students, 100% FRL) — zoned schools average 100% FRL vs 71% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 5% at this address vs 32% district-wide (-26 pts) — the specific schools serving this property underperform the Atlanta Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+5.5%/yr); 179 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 11,565 units permitted in Fulton County in 2024 (8,159 in 5+ unit buildings).
• This rent runs 34% of the median local income ($63k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Fulton County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 278 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 278 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.01% ✓
• Cap rate: 7.49%
• Cash-on-cash: 4.27%
• DSCR: 1.19
• GRM: 8.3

CMA / ARV

• ARV (median comp): $193,903
• List price: $179,900
• Delta: -7.22%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3128 Waters Rd SW	0.07mi	3/1.5	1,150 (+0%)	3mo	$106,500	$93	92
108 Mount Zion Rd SW	0.28mi	3/1.0	1,200 (+5%)	5mo	$100,000	$83	75
60 Oak Dr SW	0.09mi	3/2.0	1,290 (+13%)	8mo	$190,000	$147	64
157 Ruzelle Dr SE	0.39mi	3/2.0	1,102 (-4%)	10mo	$208,000	$189	63
3010 1st Ave SW	0.55mi	3/1.0	1,075 (-6%)	1mo	$182,500	$170	63
447 North Ave	0.53mi	2/1.0 (-1)	1,124 (-2%)	6mo	$305,000	$271	62
3309 Ward Dr SW	0.34mi	2/1.0 (-1)	1,066 (-7%)	8mo	$75,000	$70	61
210 Oak Dr SE	0.50mi	4/2.0 (+1)	1,200 (+5%)	9mo	$159,000	$133	52
419 Mount Zion Rd SW	0.55mi	3/2.0	1,032 (-10%)	5mo	$225,000	$218	50
3218 Ward Dr SW	0.49mi	3/1.5	1,025 (-10%)	10mo	$166,000	$162	50
2894 3rd Ave SW	0.73mi	3/1.0	1,250 (+9%)	9mo	$115,900	$93	43
2957 Browns Mill Rd SE	0.73mi	3/2.0	1,280 (+12%)	9mo	$211,345	$165	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.45% rent growth · sell at horizon

5-year hold

• IRR: -6.9%
• Equity multiple: 0.74×
• Total profit: $-13,122
• Equity at exit: $26,824

10-year hold

• IRR: 5.6%
• Equity multiple: 1.46×
• Total profit: $23,157
• Equity at exit: $15,554

Cash invested: $50,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Georgia: 90 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

Magistrate court evictions in 10-30 days; no rent control; preempted; few tenant protections.

Methodology + full state rankings →

ZIP-level market 30354

• Home prices YoY: -17.5%
• Rents YoY: 5.5%
• Active inventory: 179
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,812 high
• Mortgage (P&I): −$943
• Tax from tax record: −$234 /mo · $2,805/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $179

Break-even live

Break-even rent $1,585

Max offer price $179,900

Occupancy floor 85%

Sensitivity live

Price	-10% $281	-5% $230	+0% $179	+5% $128	+10% $77
Rent	-10% $36	-5% $108	+0% $179	+5% $251	+10% $322
Rate	-1.0pp $270	-0.5pp $225	base $179	+0.5pp $133	+1.0pp $85

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3066 Waters Rd SW Atlanta, GA	3.0	1.0	1144	$1,395	$1.22	21d	1	0.16mi
3054 Waters Rd SW Atlanta, GA	3.0	1.0	891	$1,800	$2.02	9d	1	0.17mi
436 Grady Pl Atlanta, GA	3.0	2.0	1425	$2,100	$1.47	16d	1	0.32mi
231 Maple St Atlanta, GA	3.0	2.0	1068	$1,645	$1.54	45d	1	0.38mi
2959 Forrest Hills Dr SW Atlanta, GA	1.0–2.0	1.0–1.5	925	$1,250	$1.35	18d	2	0.44mi
2959 Forrest Hills Dr SW Atlanta, GA	1.0–2.0	1.0–1.5	925	$1,250	$1.35	15d	1	0.44mi
210 Oak Dr SE Atlanta, GA	3.0	2.0	1330	$1,400	$1.05	26d	1	0.48mi
3188 Ward Dr SW Atlanta, GA	3.0	1.5	1025	$1,800	$1.76	13d	1	0.49mi
3301 Old Jonesboro Rd Atlanta, GA	2.0	1.0	899	$2,250	$2.50	6d	1	0.49mi
278 Moreland Way Atlanta, GA	3.0	2.0	1000	$1,945	$1.95	26d	1	0.51mi
45 Baker Dr SW Atlanta, GA	3.0	2.0	1056	$1,600	$1.52	26d	1	0.56mi
167 Alyson Ct SE Atlanta, GA	4.0	2.0	1344	$1,825	$1.36	26d	1	0.58mi
3287 Russell St Atlanta, GA	2.0	1.0	800	$1,195	$1.49	45d	1	0.58mi
535 Lake Dr Atlanta, GA	3.0	2.0	1080	$2,275	$2.11	45d	1	0.67mi
518 North Ave Atlanta, GA	2.0	1.5	1096	$2,150	$1.96	12d	1	0.69mi
3420 Northside Dr Unit B Hapeville, GA	2.0	1.0	1000	$1,150	$1.15	0d	1	0.69mi
3116 Jackson St Atlanta, GA	2.0	2.0	1016	$1,900	$1.87	45d	1	0.69mi
2786 Old Hapeville Rd SW Atlanta, GA	2.0	1.5	1050	$1,150	$1.10	26d	1	0.70mi
2800 Grand Ave SW Atlanta, GA	3.0	1.0	1052	$1,600	$1.52	0d	1	0.72mi
2875 3rd Ave SW Unit A Atlanta, GA	2.0	1.0	900	$1,245	$1.38	3d	1	0.74mi
2745 Old Hapeville Rd SW Atlanta, GA	2.0–3.0	2.0	1007	$1,375	$1.36	16d	1	0.76mi
735 Oak Dr Hapeville, GA	2.0	1.0	1053	$1,550	$1.47	23d	1	0.84mi
324 Macedonia Rd SE Atlanta, GA	3.0	1.0	1000	$1,295	$1.29	9d	1	0.93mi
397 N Central Ave Hapeville, GA	1.0–2.0	1.0–2.0	950	$2,704	$2.85	2d	24	1.02mi
3162 Oakdale Rd Atlanta, GA	3.0	1.0	1040	$3,200	$3.08	45d	1	1.03mi
331 Simca St SE Atlanta, GA	3.0	1.0	1000	$1,700	$1.70	4d	1	1.03mi
532 Cleveland Ave SW Atlanta, GA	2.0	1.0	836	$950	$1.14	16d	1	1.08mi
532 Cleveland Ave SW Atlanta, GA	2.0	1.0	836	$925	$1.11	23d	1	1.08mi
382 Cologne Dr SE Atlanta, GA	3.0	1.0	1100	$1,400	$1.27	0d	1	1.08mi
3558 Elm St Atlanta, GA	3.0	1.0–2.0	1098	$3,249	$2.96	14d	33	1.11mi
536 College St Hapeville, GA	2.0	1.0	765	$1,295	$1.69	19d	1	1.17mi
558 College St Atlanta, GA	1.0–2.0	1.5	850	$1,289	$1.52	16d	6	1.20mi
2694 Fairlane Dr SE Atlanta, GA	4.0	2.0	1372	$2,800	$2.04	26d	1	1.20mi
801 N Central Ave Atlanta, GA	2.0–4.0	2.5–3.5	1586	$3,195	$2.01	4d	10	1.24mi
445 Cleveland Ave SE Atlanta, GA	2.0–3.0	1.0–2.0	1014	$1,591	$1.57	3d	13	1.30mi
3640 S Fulton Ave Atlanta, GA	1.0–2.0	1.0–2.0	950	$1,833	$1.93	0d	29	1.32mi
488 Pomona Cir SW Atlanta, GA	3.0	1.0	1000	$1,800	$1.80	26d	1	1.34mi
500 Hutchens Rd SE Atlanta, GA	4.0	2.0	1248	$2,400	$1.92	18d	1	1.38mi
136 Hillsdale Dr SE Atlanta, GA	3.0	2.0	1075	$1,995	$1.86	26d	1	1.42mi
2738 Springdale Rd SW Unit 0A Atlanta, GA	3.0	2.0	1384	$1,650	$1.19	0d	1	1.44mi

Listing history 12 events

1. 2026-06-03
   days on market $179,900 Active 278 DOM
2. 2026-06-02
   days on market $179,900 Active 277 DOM
3. 2026-06-01
   days on market $179,900 Active 276 DOM
4. 2026-05-31
   days on market $179,900 Active 275 DOM
5. 2026-05-13
   price $179,900 432-char remark

   Show marketing remark (432 chars)

   Charming 3-bedroom, 2-bath home with approximately 1,144 sq ft of comfortable living space. The spacious layout features a generous family room perfect for relaxing or entertaining. The master bedroom includes an en suite bath for added convenience. Situated in the welcoming Glenrose Heights neighborhood, this home offers easy access to shopping, dining, and major roadways, combining comfort, functionality, and a great location.

6. 2025-11-26
   price $189,900 432-char remark

   Show marketing remark (432 chars)

   Charming 3-bedroom, 2-bath home with approximately 1,144 sq ft of comfortable living space. The spacious layout features a generous family room perfect for relaxing or entertaining. The master bedroom includes an en suite bath for added convenience. Situated in the welcoming Glenrose Heights neighborhood, this home offers easy access to shopping, dining, and major roadways, combining comfort, functionality, and a great location.

7. 2025-10-02
   price $194,900 432-char remark

   Show marketing remark (432 chars)

   Charming 3-bedroom, 2-bath home with approximately 1,144 sq ft of comfortable living space. The spacious layout features a generous family room perfect for relaxing or entertaining. The master bedroom includes an en suite bath for added convenience. Situated in the welcoming Glenrose Heights neighborhood, this home offers easy access to shopping, dining, and major roadways, combining comfort, functionality, and a great location.

8. 2025-08-27
   listed $199,900 New 432-char remark

   Show marketing remark (432 chars)

   Charming 3-bedroom, 2-bath home with approximately 1,144 sq ft of comfortable living space. The spacious layout features a generous family room perfect for relaxing or entertaining. The master bedroom includes an en suite bath for added convenience. Situated in the welcoming Glenrose Heights neighborhood, this home offers easy access to shopping, dining, and major roadways, combining comfort, functionality, and a great location.

9. 2021-12-30
   soldstatus $2,975,146
10. 2017-06-12
    soldstatus $1,444,800
11. 2013-07-16
    soldstatus $364,200
12. 1977-09-01
    soldstatus $18,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast GA · Resets to sale price

• Current annual tax: $2,805 · $234/mo
• Projected year-2 tax: $2,805 · $234/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 6 d/yr ≥104°F today · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,743
• − Mortgage interest: −$10,077
• − Property taxes: −$2,805
• − Insurance: −$900
• − Repairs & maintenance: −$1,739
• − Management: −$1,739
• − Depreciation: −$5,233
• Taxable loss: −$751
• Est. tax savings @ 24.0%: +$180
• After-tax cash flow: $2,332/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Atlanta Public Schools
• NCES district ID: 1300120
• Math proficiency: 28% ▼ -6.00%
• Reading proficiency: 35% ▼ -2.00%
• Median HH income: $48,306
• Composite: 27.27/100
• National rank: #7006
• State rank: #80 of 174 in GA

Livability — Atlanta

• Score: 83/100
• State rank: #6
• US rank: #919

Category grades

Amenities A+ Commute A+ Cost of living C- Crime A Employment B Housing A+ Health & safety A- User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atlanta, GA
• County: Fulton County · 1,094,430 people
• City population: 629,525
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 16,182
• Household income: $63,189
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 930.0

Population outlook (Fulton County) Hauer SSP2

• Today (2025): 1,203,707 people
• By 2030: 1,299,706 · +8.0%
• By 2040: 1,488,256 · +23.6%
• By 2050: 1,664,580 · +38.3%
• By 2075: 2,036,072 · +69.2%
• By 2100: 2,222,402 · +84.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (68%)
• Race & ethnicity: Black 68% Hispanic / Latino 16% White 10% Two or more races 9% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Italian 2% Romanian 1% Swedish 1%
• Foreign-born: 11% · Canada, Vietnam, Guatemala
• Languages at home: 81% English-only · Spanish 15% German/W. Germanic 1% Vietnamese 1%

Political lean MEDSL · Fulton

• 2024 margin: Solid D (+44.9) · D 71.9% · R 27.0% · Other 1.1%
• 2008→2024 swing: +9.8pp toward D · 2008: 35.0pp · 2024: 44.9pp
• All cycles: 2024: D+44.9 2020: D+46.4 2016: D+42.1 2012: D+29.6 2008: D+35.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -67.78%
• Current HPI: 320.1111
• Rent YoY: ▲ 5.45%
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• State GDP YoY: ▲ 2.66%
• F500 in state: 28

Industry mix (Fortune 500 HQ in GA)

Industry	F500 HQs	Revenue
▸Paper / Packaging	2	$29B
▸Retail	1	$160B
▸Transportation / Logistics	1	$91B
▸Airlines	1	$62B
▸Consumer Goods	1	$47B
▸Utilities	1	$25B

Price history

+899.4% since first listed

8 events — show timeline

• 2026-05-13 Price Changed $179,900 GAMLS
• 2025-11-26 Price Changed $189,900 GAMLS
• 2025-10-02 Price Changed $194,900 GAMLS
• 2025-08-27 Listed $199,900 GAMLS
• 2021-12-30 Sold (Public Records) $2,975,146 Public Records
• 2017-06-12 Sold (Public Records) $1,444,800 Public Records
• 2013-07-16 Sold (Public Records) $364,200 Public Records
• 1977-09-01 Sold (Public Records) $18,000 Public Records

Property tax history

+7.8%/yr

Latest (2025): $2,805 · -0.1% YoY. Source: county tax records.